Greenback Stabilizes After Strong Rebound; Market Eyes Fed Speakers
Greenback Stabilizes After Strong Rebound; Market Eyes Fed Speakers HG MARKETS: The U.S. dollar edged lower on Thursday, consolidating after a sharp rebound overnight as market participants awaited additional speeches from key Federal Reserve policymakers. The Dollar Index, which measures the greenback against a basket of six major currencies, fell 0.1% to 100.56, following a […]
Recession Worries and Rate Cut Cheers Cause a Break in the Stock Rise
Recession Worries and Rate Cut Cheers Cause a Break in the Stock Rise HG MARKETS: Following the massive rate decrease by the US Federal Reserve last week, investors’ focus shifted to China and Switzerland as the next targets for monetary easing, which kept global markets stuck near record highs on Monday. Later this week, traders […]
The Yen Declined as the Governor of BOJ Avoided Discussing Rate Hikes
The Yen Declined as the Governor of BOJ Avoided Discussing Rate Hikes HG MARKETS: Friday saw a decline in the value of the yen as the Bank of Japan signaled that it was not in a rush to hike interest rates after maintaining them at the largely anticipated 0.25% level. The dollar surged 1.2% to […]
Oil Ends Its Three-Day Bullish Streak Ahead Of Us Interest Rate Decision
Oil Ends Its Three-Day Bullish Streak Ahead Of Us Interest Rate Decision HG MARKETS: Following two sessions of gains, oil prices dipped on Wednesday as an industrial survey revealed increased U.S. fuel and crude stocks, counteracting growing Middle East tension and the possibly positive effects of a U.S. interest rate cut on crude oil prices. […]
Gold Prices Dip Ahead of Fed Rate Announcement
Gold Prices Dip Ahead of Fed Rate Announcement HG MARKETS: Gold prices experienced a slight dip on Tuesday, following a record high achieved the previous day. The market’s attention has shifted to the Federal Reserve’s interest rate decision, with a focus on the two-day policy meeting that is set to conclude on Wednesday. Traders are […]
Fed Rate Cut Speculation And Strong Demand Propel Silver Prices to $30.06
Fed Rate Cut Speculation And Strong Demand Propel Silver Prices to $30.06 HG MARKETS: Silver prices (XAG/USD) have climbed to $30.06 this week, driven by strong global demand and speculation about a potential Federal Reserve rate cut. This upward movement is largely fueled by increasing industrial use of silver and rising gold prices, which often […]
In August, Consumer Prices In the Us Increased By 0.2% Month-Over-Month
In August, Consumer Prices In the Us Increased By 0.2% Month-Over-Month HG MARKETS: In August, headline US consumer prices increased by 0.2% on a monthly basis, which was the same as the rate in July. However, the core figure increased slightly faster, which may reduce the likelihood that the Federal Reserve will announce a more […]
Oil Costs Plunge as Weak Demand Signs Seems To Offset Supply Disturbances
Oil Costs Plunge as Weak Demand Signs Seems To Offset Supply Disturbances HG MARKETS: Oil costs steadied in Asian exchange on Tuesday as brokers tried to check the effect of Hurricane Francine on U.S. oil creation, while worries over drowsy interest stayed in play. Costs were nursing steep misfortunes from the earlier week in the […]
Gold Prices Surge: Will Federal Reserve Rate Cuts Sustain the Rally?
Gold Prices Surge: Will Federal Reserve Rate Cuts Sustain the Rally? HG MARKETS: Gold prices experienced a remarkable surge in August, climbing 3.6% to end the month at $2,513 per ounce, as reported by the World Gold Council. The precious metal reached an all-time high on August 20, raising the question of whether the anticipated […]
August Private Payrolls Fall Short of Expectations
August Private Payrolls Fall Short of Expectations HG MARKETS: In the latest indication of an ongoing, albeit gradual, slowdown in the American labor market, private payrolls in the United States decreased in August by less than anticipated. According to payroll processor ADP, private payrolls increased by 99,000 jobs in August, compared to a revised decrease […]